A Reversal for Forescout Tech Incorporated (NASDAQ:FSCT) Is Not Near. The Stock Has Rise in Shorts

January 19, 2018 - By Ellis Scott

 A Reversal for Forescout Tech Incorporated (NASDAQ:FSCT) Is Not Near. The Stock Has Rise in Shorts

The stock of Forescout Tech Incorporated (NASDAQ:FSCT) registered an increase of 9.18% in short interest. FSCT’s total short interest was 286,700 shares in January as published by FINRA. Its up 9.18% from 262,600 shares, reported previously. With 189,900 shares average volume, it will take short sellers 2 days to cover their FSCT’s short positions.

The stock increased 2.93% or $0.92 during the last trading session, reaching $32.3. About 59,246 shares traded. ForeScout Technologies, Inc. (NASDAQ:FSCT) has 0.00% since January 19, 2017 and is . It has underperformed by 16.70% the S&P500.

ForeScout Technologies, Inc. provides network security hardware and software products in the United States, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company has market cap of $1.22 billion. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP devices; ForeScout extended modules for integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services. It currently has negative earnings. The companyÂ’s products are used to protect organizations against the threats that exploit the billions of Internet of things devices connected to organizationsÂ’ networks.

More notable recent ForeScout Technologies, Inc. (NASDAQ:FSCT) news were published by: Seekingalpha.com which released: “First Look At ForeScout’s IPO” on October 16, 2017, also Techcrunch.com with their article: “ForeScout Technologies unveils security IPO filing” published on October 02, 2017, Seekingalpha.com published: “ForeScout: A Good Way To Start” on December 08, 2017. More interesting news about ForeScout Technologies, Inc. (NASDAQ:FSCT) were released by: Techcrunch.com and their article: “ForeScout Technologies pops 16% in first day of trading” published on October 27, 2017 as well as Streetinsider.com‘s news article titled: “ForeScout Technologies, Inc. (FSCT): PT To $35 On Model Roll and Positive …” with publication date: December 28, 2017.

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